AdvisorShares Psychedelics ETF
ALTAR
Score™		 0.0% info Recommen-
dation		 AVOID
2024E    2025E
P/E
ratio		 -0.6x P/Sales
ratio		 6.4x
P/BV
ratio		 -0.8x Div.
yield		 0.0%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
PSIL is actively managed to provide exposure to the emerging global psychedelics industry.

FUND BASICS
Category International Equities
Fund Sponsor AdvisorShares
Website advisorshares.com/etfs/psil/
Inception date Sep 15, 2021
Assets (mns) $7
Currency USD
Expense ratio 99 bp
Distributions Annually

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Proprietary
Index replication
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 27
Wgt avg mkt cap (mns) $569
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 7.7%
Small cap (<$2bn) 90.3%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
MIND MEDICINE (MINDMED), INC. 9.8 %
RELMADA THERAPEUTICS INC 5.6 %
ATAI LIFE SCIENCES N.V. 5.1 %
NRX PHARMACEUTICALS, INC. 4.9 %
ALKERMES PLC 4.5 %
VISTAGEN THERAPEUTICS, INC. 4.3 %
INTRA-CELLULAR THERAPIES INC 4.1 %
SAGE THERAPEUTICS INC 3.7 %
AMERI HOLDINGS, INC. 3.6 %
INCANNEX HEALTHCARE INC. 3.5 %
Total 49.3 %

TOP COUNTRY EXPOSURE
UNITED STATES 36.8 %
GERMANY 5.1 %
IRELAND 4.6 %
CANADA 2.5 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
5.8% -21.1% -- -- -53.2%

Market Correlations
versus... Beta R-squared
S&P500 1.03 17%
MSCI EAFE 0.82 11%
MSCI Emg. Mkts. 0.95 15%

Technical Indicators
Recent close $1.28
30d moving avg. $1.36
Annualized volatility 47.0%
Short interest (ETF) 8.1%
Relative strength (RSI) 46

Liquidity measures
Avg. volume (thou.) 79
Turnover 1.5%
Bid/Ask (% of price) 1.44%
ADV underlying (mns) $131

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 117 potential alternatives to the AdvisorShares Psychedelics ETF ETF based on the alternatives' overlap in portfolio holdings with PSIL. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: PSIL Expense: 99 bp ALTAR Score™: 0.0%


ALTERNATIVE ETFs BASED ON OVERLAP WITH PSIL
Ticker Fund
Name		 Overlap1
vs PSIL
(%)		 Expense
ratio
(bp)		 Savings
vs PSIL
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs PSIL
(%)
IBRN iShares Neuroscience and Healthcare ETF 7.9 47 52 -4.9 -4.9
FBT First Trust NYSE Arca Biotechnology Index Fund 7.1 56 43 0.0 +0.0
XPH SPDR S&P Pharmaceuticals ETF 4.1 35 64 5.0 +5.0
BBP Virtus LifeSci Biotech Products ETF 3.8 79 20 -4.7 -4.7
PSCH Invesco S&P SmallCap Health Care ETF 3.6 29 70 5.8 +5.8
MEDX Horizon Kinetics Medical ETF 3.4 85 14 -0.2 -0.2
BTEC Principal Healthcare Innovators ETF 3.1 42 57 -5.2 -5.2
PBE Invesco Biotechnology & Genome ETF 2.9 58 41 0.6 +0.6
SBIO ALPS Medical Breakthroughs ETF 2.8 50 49 -4.8 -4.8
IHE iShares U.S. Pharmaceuticals ETF 2.8 40 59 8.1 +8.1
FFTY Innovator IBD 50 ETF 1.9 80 19 0.1 +0.1
XBI SPDR S&P BIOTECH ETF 1.6 35 64 -1.4 -1.4
FTXH First Trust Nasdaq Pharmaceuticals ETF 1.5 60 39 9.0 +9.0
PTH Invesco Dorsey Wright Healthcare Momentum ETF 1.4 60 39 -3.5 -3.5
IBBQ Invesco Nasdaq Biotechnology ETF 1.4 19 80 0.9 +0.9
IBB iShares Biotechnology ETF 1.3 45 54 0.9 +0.9
CALF Pacer US Small Cap Cash Cows 100 ETF 1.1 59 40 10.9 +10.9
SMMV iShares MSCI USA Small-Cap Min Vol Factor ETF 1.1 20 79 4.5 +4.5
AFSM First Trust Active Factor Small Cap ETF 1.1 75 24 7.6 +7.6
PSC Principal U.S. Small-Cap ETF 1.1 38 61 6.5 +6.5
VTWG Vanguard Russell 2000 Growth ETF 0.9 15 84 1.7 +1.7
IWO iShares Russell 2000 Growth ETF 0.9 24 75 1.4 +1.4
JHSC John Hancock Multifactor Small Cap ETF 0.9 42 57 6.1 +6.1
SMCP AlphaMark Actively Managed Small Cap ETF 0.9 90 9 6.8 +6.8
QQQS Invesco NASDAQ Future Gen 200 ETF 0.8 20 79 -7.7 -7.7
GDOC Goldman Sachs Future Health Care Equity ETF 0.8 75 24 3.1 +3.1
CAFG Pacer US Small Cap Cash Cows Growth Leaders ETF 0.8 59 40 8.4 +8.4
MEDI Harbor Health Care ETF 0.7 80 19 0.9 +0.9
FLQS Franklin U.S. Small Cap Multifactor Index ETF 0.6 35 64 7.4 +7.4
FNY First Trust Mid Cap Growth AlphaDEX Fund 0.6 70 29 1.8 +1.8
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.6 20 79 6.7 +6.7
ISCG iShares Morningstar Small-Cap Growth ETF 0.6 6 93 2.4 +2.4
BMED Future Health ETF 0.5 85 14 0.2 +0.2
WCEO Hypatia Women CEO ETF 0.5 85 14 5.1 +5.1
VBK Vanguard Small-Cap Growth ETF 0.5 7 92 1.4 +1.4
VTWO Vanguard Russell 2000 ETF 0.5 10 89 3.8 +3.8
IWM iShares Russell 2000 ETF 0.5 19 80 3.6 +3.6
SLYG SPDR S&P 600 Small Cap Growth ETF 0.5 15 84 7.0 +7.0
IJT iShares S&P Small-Cap 600 Growth ETF 0.5 18 81 7.0 +7.0
QGRO American Century U.S. Quality Growth ETF 0.4 29 70 5.7 +5.7
QVMS Invesco S&P SmallCap 600 QVM Multi-factor ETF 0.4 15 84 8.1 +8.1
XJR iShares ESG Screened S&P Small-Cap ETF 0.4 12 87 7.6 +7.6
FLDZ RiverNorth Patriot ETF 0.4 75 24 5.8 +5.8
ISMD Inspire Small/Mid Cap ETF 0.4 54 45 6.0 +6.0
SFYX SoFi Next 500 ETF 0.4 0 99 5.6 +5.6
IQSM IQ Candriam U.S. Mid Cap Equity ETF 0.4 15 84 6.2 +6.2
MJ ETFMG Alternative Harvest ETFMG Alternative Harvest 0.4 75 24 -33.7 -33.7
SPSM SPDR Portfolio S&P 600 Small Cap ETF 0.4 3 96 8.1 +8.1
IJR iShares Core S&P Small Cap ETF 0.4 6 93 8.1 +8.1
VFQY Vanguard U.S. Quality Factor ETF 0.3 13 86 7.2 +7.2
SCHA Schwab U.S. Small-Cap ETF 0.3 4 95 4.8 +4.8
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 0.3 7 92 5.7 +5.7
ISCB iShares Morningstar Small-Cap ETF 0.3 4 95 5.3 +5.3
ROUS Hartford Multifactor US Equity ETF 0.3 19 80 6.4 +6.4
SCHM Schwab U.S. Mid-Cap ETF 0.3 4 95 6.3 +6.3
INNO Harbor Disruptive Innovation ETF 0.3 75 24 -3.5 -3.5
BKSE BNY Mellon US Small Cap Core Equity ETF 0.3 4 95 5.7 +5.7
IJS iShares S&P Small-Cap 600 Value ETF 0.3 18 81 9.2 +9.2
SLYV SPDR S&P 600 Small Cap Value ETF 0.3 15 84 9.2 +9.2
NUSC Nuveen ESG Small-Cap ETF 0.3 31 68 5.1 +5.1
AFMC First Trust Active Factor Mid Cap ETF 0.2 65 34 7.4 +7.4
SSLY Syntax Stratified SmallCap ETF 0.2 40 59 7.4 +7.4
ESML iShares ESG Aware MSCI USA Small-Cap ETF 0.2 17 82 5.4 +5.4
GVLU Gotham 1000 Value ETF 0.2 50 49 7.4 +7.4
FNX First Trust Mid Cap Core AlphaDEX Fund 0.2 60 39 6.0 +6.0
STXK Strive Small-Cap ETF 0.2 18 81 5.5 +5.5
FDWM Fidelity Women's Leadership ETF 0.2 59 40 4.7 +4.7
SMLF iShares U.S. SmallCap Equity Factor ETF 0.2 15 84 5.8 +5.8
VB Vanguard Small-Cap ETF 0.2 5 94 5.3 +5.3
BKMC BNY Mellon US Mid Cap Core Equity ETF 0.2 4 95 6.1 +6.1
FHLC Fidelity MSCI Health Care Index ETF 0.2 8 91 5.8 +5.8
CSML IndexIQ ETF Trust IQ U.S. Small Cap ETF 0.2 35 64 5.4 +5.4
FSMD Fidelity Small-Mid Multifactor ETF 0.2 15 84 7.6 +7.6
VHT Vanguard Health Care ETF 0.2 10 89 5.6 +5.6
FAD First Trust Multi Cap Growth AlphaDEX Fund 0.2 64 35 2.1 +2.1
VXF Vanguard Extended Market ETF 0.2 6 93 3.9 +3.9
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.1 39 60 4.5 +4.5
DFAS Dimensional U.S. Small Cap ETF 0.1 26 73 6.0 +6.0
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 0.1 29 70 7.3 +7.3
RWJ Invesco S&P SmallCap 600 Revenue ETF 0.1 39 60 9.3 +9.3
AVSC Avantis U.S Small Cap Equity ETF 0.1 25 74 5.4 +5.4
VALQ American Century U.S. Quality Value ETF 0.1 29 70 7.4 +7.4
VFMO Vanguard U.S. Momentum Factor ETF 0.1 13 86 2.7 +2.7
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 0.1 9 90 3.9 +3.9
ONEQ Fidelity Nasdaq Composite Index ETF 0.1 21 78 3.9 +3.9
HKND Humankind US Stock ETF 0.1 11 88 6.9 +6.9
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 0.1 12 87 7.3 +7.3
FNDA Schwab Fundamental US Small Co. Index ETF 0.0 25 74 6.8 +6.8
JHMM John Hancock Multifactor Mid Cap ETF 0.0 42 57 6.6 +6.6
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.0 25 74 5.6 +5.6
IWC iShares Micro-Cap ETF 0.0 60 39 -4.3 -4.3
ESGV Vanguard ESG U.S. Stock ETF 0.0 9 90 5.0 +5.0
DFAC Dimensional U.S. Core Equity 2 ETF 0.0 17 82 5.6 +5.6
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.0 9 90 5.7 +5.7
SCHK Schwab 1000 Index ETF 0.0 5 94 5.3 +5.3
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.0 3 96 5.1 +5.1
AVUS Avantis U.S. Equity ETF 0.0 15 84 6.0 +6.0
VTHR Vanguard Russell 3000 ETF 0.0 10 89 5.1 +5.1
IWV iShares Russell 3000 ETF 0.0 20 79 5.0 +5.0
SCHB Schwab U.S. Broad Market ETF 0.0 3 96 5.2 +5.2
VTI Vanguard Total Stock Market ETF 0.0 3 96 5.1 +5.1
GWX SPDR S&P International Small Cap ETF 0.0 40 59 6.5 +6.5
NANC Unusual Whales Subversive Democratic Trading ETF 0.0 75 24 3.7 +3.7
ISCV iShares Morningstar Small Cap Value ETF 0.0 6 93 8.1 +8.1
DFAU Dimensional US Core Equity Market ETF 0.0 12 87 5.3 +5.3
VT Vanguard Total World Stock ETF 0.0 7 92 5.8 +5.8
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.0 11 88 5.2 +5.2
DFUS Dimensional U.S. Equity ETF 0.0 9 90 5.1 +5.1
DFAT Dimensional U.S. Targeted Value ETF 0.0 28 71 8.2 +8.2
SPTM SPDR Portfolio S&P 1500 Composite Stock Market ETF 0.0 3 96 5.4 +5.4
IYY iShares Dow Jones U.S. ETF 0.0 20 79 5.0 +5.0
MMTM SPDR S&P 1500 Momentum Tilt ETF 0.0 12 87 4.5 +4.5
VTWV Vanguard Russell 2000 Value ETF 0.0 15 84 5.7 +5.7
FNDB Schwab Fundamental US Broad Market Index ETF 0.0 25 74 7.0 +7.0
IWN iShares Russell 2000 Value ETF 0.0 24 75 5.5 +5.5
DFUV Dimensional US Marketwide Value ETF 0.0 22 77 7.6 +7.6
DFSU Dimensional US Sustainability Core 1 ETF 0.0 18 81 5.6 +5.6

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2019 2020 2021 2022 2023 2024E 2025E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2023 2024E 2025E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:		 AdvisorShares Psychedelics ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

AVOID
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may not be relevant.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 29.7 %
Divided by: Fwd. P/BV -0.8 x
Less: Expense ratio 99 bp
Equals: ALTAR Score 0.0 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.19 CATEGORY
AVERAGE		 1.51
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.